Shares of banking licence applicants who did not get RBI nod are under selling pressure.
JM Financials (-6.43%), L&T Finance Holdings (-10.03%), Shriram Transport Finance Company Ltd (-3.96%), Srei Infrastructure Finance (-8.14%) and LIC Housing Finance Ltd (-1.86%) were trading lower on the BSE at 11.45 am IST.
*Check Live Updates: BSE Sensex
Also Read
F-16, C-130 right choices for India: Lockheed
World’s fastest bowler: Morne Morkel at a humongous 173.9 kmph at IPL 2013, but Hawk-Eye was not looking
Chef turned woman into ?200-a-night prostitute
The law prohibits any cross gifts
The central bank has said, “some of those entities who did not qualify in this round for a full-fledged banking licence could well apply in future rounds or could apply for differentiated licences under the proposed framework.”
Also read:New bank licence: Not-on-list applicants Reliance Capital, Aditya Birla Nuvo put up a brave face
